budget 2024

First-time employees in the formal sector will receive a direct benefit transfer equivalent to one month's wage, up to ₹15,000, in three installments.

This adjustment is set to save salaried employees an additional ₹17,500 annually in income tax.

The Economic Survey 2023-24 tabled in the Parliament by Finance Minister Nirmala Sitharaman anticipates a 2 to 2.5 times increase in energy needs by 2047 to support economic growth. The report also highlighted that India faces challenges in balancing energy transition with other developmental priorities

Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24

Highlighting the sector's potential for growth and self-reliance, Basu emphasized, "We need an ecosystem that nurtures innovation and quality standards in Ayurveda."

THIRUVANANTHAPURAM: In a significant departure from its traditional socialist approach, the CPI(M)-led communist government of Kerala, under the stewardship of Finance Minister KN Balagopal, has revealed a budget aimed at revitalising the state’s economy through increased private investments. The budget, a departure from the norm of primarily allocating funds to public and cooperative sectors, aims to […]

Niranjan Hiranandani, Founder of Hiranandani Group and Chairman of National Naredco, commended the budget for its integrated and equitable growth approach, emphasising social reforms, economic value chain enhancement, and support for sunrise sectors. 

NEW DELHI: On Thursday, Finance Minister Nirmala Sitharaman declared the government’s intention to instigate forward-looking reforms aimed at propelling the nation’s growth. She expressed the vision of witnessing unprecedented development and golden moments, with the ultimate goal of transforming India into a developed country (Viksit Bharat) by 2047. Sitharaman, while introducing the interim Budget 2024-25 […]

NEW DELHI: In the 2024-25 interim Budget announcement, Union Finance Minister Nirmala Sitharaman confirmed the preservation of current taxation structures, including direct and indirect tax rates, along with import duties. Sitharaman highlighted a notable improvement in the refund process, reducing the average time from 93 days in 2013-2014 to a mere 10 days in the […]

The 2024 interim budget presentation uncovered a comprehensive array of transformative initiatives designed to fortify diverse sectors of the economy and tackle urgent societal issues.